Concentrix (CNXC) Stock Forecast & Price Target

$72.68

-1.16 (-1.57%)

(As of 09/6/2024 ET)

Concentrix - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Concentrix in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for CNXC.

Consensus Price Target

$94.75
30.37% Upside

High Forecast	$125.00
Average Forecast	$94.75
Low Forecast	$84.00

According to the 4 analysts' twelve-month price targets for Concentrix, the average price target is $94.75. The highest price target for CNXC is $125.00, while the lowest price target for CNXC is $84.00. The average price target represents a forecasted upside of 30.37% from the current price of $72.68.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$94.75	$84.80	$74.75	$120.60
Forecasted Upside	30.37% Upside	31.76% Upside	12.90% Upside	28.83% Upside

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CNXC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNXC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Concentrix Stock vs. The Competition

Type	Concentrix	Business Services Companies	S&P 500
Consensus Rating Score	2.75	2.66	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	30.37% Upside	255.21% Upside	11.36% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/28/2024	Bank of America 4 of 5 stars	Upgrade	Underperform ➝ Neutral	$65.00 ➝ $85.00	+17.50%
6/27/2024	Canaccord Genuity Group 1 of 5 stars	Reiterated Rating	Buy ➝ Buy	$125.00 ➝ $125.00	+101.65%
6/21/2024	Barrington Research 4 of 5 stars	Reiterated Rating	Outperform ➝ Outperform	$84.00 ➝ $84.00	+38.09%
4/29/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Outperform ➝ Sector Outperform	$120.00 ➝ $85.00	+50.44%
9/6/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$70.00	-9.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:37 PM ET.

CNXC Forecast - Frequently Asked Questions

What is Concentrix's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Concentrix is $94.75, with a high forecast of $125.00 and a low forecast of $84.00.
Should I buy or sell Concentrix stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last year. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNXC shares.
Does Concentrix's stock price have much upside?: According to analysts, Concentrix's stock has a predicted upside of 50.60% based on their 12-month stock forecasts.
Has Concentrix been upgraded by Wall Street analysts recently?: Over the previous 90 days, Concentrix's stock had 1 upgrade by analysts.
What analysts cover Concentrix?: Concentrix has been rated by research analysts at Bank of America, Barrington Research, and Canaccord Genuity Group in the past 90 days.
Do Wall Street analysts like Concentrix more than its competitors?: Analysts like Concentrix more than other "business services" companies. The consensus rating score for Concentrix is 2.75 while the average consensus rating score for "business services" companies is 2.66. Learn more on how CNXC compares to other companies.